5492 Legend Hills Ln, Spring Hill, FL 34609
2 beds · 2 baths · 1,991 sqft
Welcome to your dream home nestled in the lovely gated community of Silverthorn, where luxury meets tranquility. This exquisite residence boasts 2 spacious bedrooms, 2 well-appointed bathrooms, and a versatile den perfect for a third bedroom or flex space. As you step inside, you're greeted by gleaming wood floors that flow seamlessly throughout the home, leading you to a formal dining room ideal for hosting intimate gatherings. The living room features a tray ceiling and an expansive wall of four sliding glass doors, bathing the space in natural light and offering picturesque views of the serene wooded backdrop—a unique feature in this neighborhood. The gourmet kitchen is a chef's delight, equipped with granite countertops, a breakfast bar, and a cozy breakfast nook. Convenience is key with an inside utility room that includes washer and dryer hookups, a sink, storage cabinets, and a pantry closet. Retreat to the primary suite, complete with a double vanity, soaking tub, water closet with step-in shower, and generous walk-in closets. The covered, screened-in porch invites you to enjoy Florida's delightful weather while overlooking the tranquil wooded area. Silverthorn offers an array of amenities, including tennis, basketball, and pickleball courts, a community pool, fitness center, playground, library, and a community center with recreational rooms and event rental spaces. Golf enthusiasts will appreciate the on-site championship 18-hole golf course, while the country club's top-rated dining and ballroom facilities provide exceptional venues for social events. The community's prime location offers easy access to the Suncoast Parkway situated just 1.5 miles away, ensuring a convenient commute to Tampa International Airport, approximately 46 miles south, and downtown Tampa, making travel and city excursions effortless. Beyond the community, explore local attractions such as Weeki Wachee Springs State Park, famous for its live mermaid shows and pristine natural springs, just 8 miles away. Nature lovers will enjoy the Nature Coast Botanical Gardens & Nursery, a mere 5 miles from your doorstep, offering themed gardens and a serene environment. For a relaxing day by the Gulf, Alfred McKethan Pine Island Park is approximately 15 miles away, featuring sandy beaches and picnic areas. Experience the perfect blend of elegance, comfort, and Florida charm in this exceptional Silverthorn home.
Source: STELLAR #W7873376
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #W7873376
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.